BTC dominance is falling more and more while the altcoins start to perform hot, especially Ethereum! We continue to make lower lows with us hitting low 42% dominance, came up a little bit since then but looking very bearish. However i do expect a short term bounce off the 40% dominance level due to it being strong historical support. Looking for a peak for alts around 35% BTC dominance. We are getting pressed down hard by bearish ichimoku clouds, with us starting to point even more straight down. RSI Continuing downwards sitting in the "oversold" zone which doesn't really apply to dominance but keep in mind for us to be in a confirmed uptrend we need to see the RSI Climb above that 50. point and stay there, so we do have quite some time before that happens. Not financial advice just my opinion!
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.